GLTR vs. IAUI

Last updated Jun 24, 2026

GLTR (abrdn Physical Precious Metals Basket Shares ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index, while IAUI is a Derivative Income fund actively managed by Neos. GLTR is passively managed, while IAUI is actively managed. Over the past year, GLTR returned 33.31% vs 12.83% for IAUI. Their correlation of 0.89 suggests significant overlap in exposure. GLTR charges 0.60%/yr vs 0.78%/yr for IAUI.

Performance

GLTR vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Precious Metals Basket Shares ETF (GLTR) and NEOS Gold High Income ETF (IAUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLTR achieves a -9.21% return, which is significantly lower than IAUI's -5.63% return.

GLTR

• 1D: -3.07%
• 1M: -12.32%
• YTD: -9.21%
• 6M: -12.60%
• 1Y: 33.31%
• 3Y*: 29.08%
• 5Y*: 14.31%
• 10Y*: 11.27%

IAUI

• 1D: -2.15%
• 1M: -8.06%
• YTD: -5.63%
• 6M: -8.22%
• 1Y: 12.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLTR vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
GLTR abrdn Physical Precious Metals Basket Shares ETF	-9.21%	50.07%
IAUI NEOS Gold High Income ETF	-5.63%	20.00%

Correlation

The correlation between GLTR and IAUI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.89

The correlation between GLTR and IAUI has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

GLTR vs. IAUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLTR

GLTR Risk / Return Rank: 24
GLTR Sharpe Ratio Rank: 25
GLTR Sortino Ratio Rank: 23
GLTR Omega Ratio Rank: 29
GLTR Calmar Ratio Rank: 22
GLTR Martin Ratio Rank: 20

IAUI

IAUI Risk / Return Rank: 18
IAUI Sharpe Ratio Rank: 19
IAUI Sortino Ratio Rank: 17
IAUI Omega Ratio Rank: 20
IAUI Calmar Ratio Rank: 16
IAUI Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLTR vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Precious Metals Basket Shares ETF (GLTR) and NEOS Gold High Income ETF (IAUI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLTR	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.60	+0.26
Sortino ratio: Return per unit of downside risk	1.22	0.91	+0.30
Omega ratio: Gain probability vs. loss probability	1.19	1.13	+0.06
Calmar ratio: Return relative to maximum drawdown	0.97	0.63	+0.34
Martin ratio: Return relative to average drawdown	2.27	1.87	+0.40

GLTR vs. IAUI - Sharpe Ratio Comparison

The current GLTR Sharpe Ratio is 0.86, which is higher than the IAUI Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of GLTR and IAUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLTR vs. IAUI - Drawdown Comparison

The maximum GLTR drawdown since its inception was -55.70%, which is greater than IAUI's maximum drawdown of -20.43%. Use the drawdown chart below to compare losses from any high point for GLTR and IAUI.

Drawdown Indicators

	GLTR	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-55.70%	-20.43%	-35.27%
Max Drawdown (1Y) Largest decline over 1 year	-34.55%	-20.43%	-14.12%
Max Drawdown (3Y) Largest decline over 3 years	-34.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-34.55%	-19.97%	-14.58%
Average Drawdown Average peak-to-trough decline	-28.83%	-4.13%	-24.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.68%	6.86%	+7.82%

Volatility

GLTR vs. IAUI - Volatility Comparison

abrdn Physical Precious Metals Basket Shares ETF (GLTR) has a higher volatility of 10.06% compared to NEOS Gold High Income ETF (IAUI) at 7.78%. This indicates that GLTR's price experiences larger fluctuations and is considered to be riskier than IAUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLTR	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.06%	7.78%	+2.28%
Volatility (6M) Calculated over the trailing 6-month period	36.51%	19.82%	+16.69%
Volatility (1Y) Calculated over the trailing 1-year period	38.78%	21.42%	+17.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.90%	21.06%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	21.06%	-0.38%

GLTR vs. IAUI - Expense Ratio Comparison

GLTR has a 0.60% expense ratio, which is lower than IAUI's 0.78% expense ratio.

Dividends

GLTR vs. IAUI - Dividend Comparison

GLTR has not paid dividends to shareholders, while IAUI's dividend yield for the trailing twelve months is around 14.80%.

Position	TTM	2025
GLTR abrdn Physical Precious Metals Basket Shares ETF	0.00%	0.00%
IAUI NEOS Gold High Income ETF	14.80%	6.88%

Frequently Asked Questions

Can I hold both GLTR and IAUI in my portfolio?

GLTR and IAUI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLTR or IAUI?

GLTR has higher volatility (10.06%) compared to IAUI (7.78%). In terms of maximum drawdown, GLTR dropped -55.70% vs IAUI's -20.43%.

Which ETF is better, GLTR or IAUI?

On 1-year performance, GLTR leads with 33.31% vs 12.83% for IAUI. On fees, GLTR is cheaper at 0.60% per year. On volatility, IAUI has been the lower-risk option at 7.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLTR or IAUI?

Over the 1-year period, GLTR has performed better with a 33.31% return vs 12.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLTR or IAUI?

GLTR is cheaper with a 0.60% expense ratio, compared with 0.78% for IAUI.

Which ETF pays a higher dividend yield, GLTR or IAUI?

IAUI has the higher dividend yield at 14.80%, compared with 0.00% for GLTR.

What is the main difference between GLTR and IAUI?

GLTR is categorized as Precious Metals, while IAUI is Derivative Income. They also come from different issuers: abrdn and Neos. Their fees differ too: 0.60% for GLTR and 0.78% for IAUI.

Which has better risk-adjusted returns?

GLTR currently has the higher Sharpe Ratio (0.86 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.